What Does M Pattern Mean to USDJPY?
July 21, 2020
AUDUSD Is Going Up
July 21, 2020
DXY CHART PRICE – DXY 4H
According to the performance of Bollinger Band, an open horn has been shown, and the price of DXY has broken through the lower band and the downward trend is still strong. The RSI indicator has reached the oversold level of 23%, and MACD shows a dead cross as well with the fast-moving average line continuing to go down. Based on the trend of the moving averages, the price has been moving below the moving average 50 and 200. I expect to see the price to go down and test the next support level of 94.64 then go back to the resistance level of 95.72.
Important resistance level above: 95.72
Important support level below: 94.64
This post does not provide Financial Advice for traders, its merely purpose is education, use all the information available from different Analysts and build your own strategy, trading is not for everyone, you should only trade with money you can afford to lose, past performance is not an indicator of future results.
